https://www.taxtmi.com/caselaws?id=207094 The court ruled that the deduction under Section 10B(4) for a 100% export-oriented industrial unit should be computed based on the business profit of the undertaking, including the set-off of carried forward unabsorbed depreciation as per Sections 28 to 43D of the Income-tax Act. The court emphasized that the deduction should be calculated with reference to the export turnover and total turnover after considering the business profit. The court reversed the Tribunal's orders, restoring the Commissioner of Income Tax's orders for the first four years and upholding the order for the assessment year 2005-06. en-us Tue, 06 Sep 2011 00:00:00 +0530 Mon, 07 Dec 2015 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207094 The court ruled that the deduction under Section 10B(4) for a 100% export-oriented industrial unit should be computed based on the business profit of the undertaking, including the set-off of carried forward unabsorbed depreciation as per Sections 28 to 43D of the Income-tax Act. The court emphasized that the deduction should be calculated with reference to the export turnover and total turnover after considering the business profit. The court reversed the Tribunal's orders, restoring the Commissioner of Income Tax's orders for the first four years and upholding the order for the assessment year 2005-06. Case-Laws Income Tax Tue, 06 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207094